Goods exports in East of England increase to almost £29bn

The Port of Felixstowe. Picture: MIKE PAGE

The Port of Felixstowe. Picture: MIKE PAGE copyright image

Goods exports from the East of England rose by 3.9% to a value of £28.7bn in the year to March 2018, according to new figures.

Further research from HM Revenue and Customs (HMRC) shows there were more than 11,000 exporters in the region in the first three months of the year, an increase of 2.7% compared with the same period in 2017, with an average value of £619,000.

Alan Pain, head of exports for the East of England at the Department for International Trade (DIT), said: “The latest figures from HMRC show that firms across the East of England enjoyed a jump in new orders in the last 12 months, demonstrating the growing number of opportunities for local businesses overseas.

“The UK has a global reputation for high-quality goods, and it’s encouraging to see more local businesses tapping into this growing demand. We know that businesses that sell their products overseas are more profitable, resilient and successful.”

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